4.5 Convergence of Futures to Spot Futures Price TSpot Price Spot Price Futures Price Time Time (b) Options Futures, and Other Drerivatives, 5th edition@ 2002 by John C. HullOptions, Futures, and Other Drerivatives, 5th edition © 2002 by John C. Hull 4.5 Convergence of Futures to Spot Time Time (a) (b) Futures Price Futures Price Spot Price Spot Price